Petrox extends LOI to buy SSGE Bioenergy to year’s end

In Canada, Petrox Resources Corp. announced that, further to its news release of May 24, 2024 in which Petrox announced the signing of a non-binding letter of intent to complete a transaction whereby it will acquire all of the shares of SSGE Bio-energy Company Limited the deadline to enter into a definitive agreement with respect to the Transaction has been extended to December 31, 2024, failing which the LOI will be terminated.

Petrox is a publicly traded Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin.